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Okaloosa County BOCC — February 18, 2014 — Inducement Resolution — reading text
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lawfully entitled to issue the Series 2014 Bonds as herein
contemplated.
(b) The County and Borrower shall have agreed on mutually acceptable terms for the
Series 2014 Bonds and the sale and delivery thereof and mutually acceptable terms and
conditions of any trust instrument or instruments in respect thereto and any Financing
Agreements or other agreements incidental to the financing or referred to in Sections 2 and 3
hereof.
(c) Such other rulings, approvals, consents, certificates of compliance, opinions of
counsel and other instruments and proceedings satisfactory to the Borrower and to the County as
to such matters with respect to the Series 2014 Bonds, the financing and refinancing of the
Project, the Financing Agreements and any other trust instrument or instruments, as shall be
specified by the Borrower or the County, shall have been obtained from such governmental, as
well as non-governmental, agencies and entities as may have or assert competent jurisdiction
over or interest in matters pertinent thereto and shall be in full force and effect at the time of
issuance of the Series 2014 Bonds.
(d) Compliance with all applicable provisions of Chapters 159, 215 and 218, Florida
Statutes, relating to the issuance of the Series 2014 Bonds, the interest rate thereon, the type of
purchasers of the Series 2014 Bonds and the terms on which the Series 2014 Bonds may
otherwise be issued.
5. Binding Effect. All covenants and agreements herein contained by or on behalf of
the County and the Borrower shall bind and inure to the benefit of the respective successors and
assigns of the County and the Borrower whether so expressed or not.
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IN WITNESS WHEREOF, the parties hereto have entered into this Agreement by their
officers thereunder duly authorized as of the ______ day of February, 2014.
OKALOOSA COUNTY, FLORIDA
(SEAL)
By:
Chairman, Board of County Commissioners
ATTEST:
_____________________________
Clerk
AUBURN WATER SYSTEM, INC.
By:
ATTEST:
____________________________
____________________________
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